Latest New York Headlines
All the headlines from our New York Topic Page, ordered by recency.
General Re Receives Subpoena from N.Y. AG
Jan 7 2005 // General Re Corporation, a subsidiary of Warren Buffett’s Berkshire Hathaway Inc., announced the company has received a subpoena from the New York State Attorney General for documents and information relating to...
Executive Liability Team Based At Beecher Carlson’s N.Y. Office
Jan 7 2005 // Atlanta-based Beecher Carlson Holdings Inc. has formed a Executive Liability Practice at its New York office anchored by Steven Anderson, Jack Flug, John Kerns, Jeff Lattmann and Hank Whiting, all former Marsh executives....
N.Y. Property Plan Matches Electrical Safety Funds
Jan 6 2005 // The New York Property Insurance Underwriting Association (NYPIUA) will assist their policyholders reduce electrical hazards in 2005 through a matching funds program. According to officials, the program, which commenced in...
Commercial Property Market Survives Extraordinary and Ordinary Catastrophes
Jan 3 2005 // The commercial property market took a huge hit from four major hurricanes that struck the U.S. mainland this past year. The full effects may have yet to be felt, however, it looks like commercial property insurers came...
People & Places
Jan 3 2005 // Charles Cushner Kathleen Lawler The Independent Insurance Agents & Brokers of New York Inc. recently announced the addition of three new staff members. Kathleen A. Lawler is IIABNY’s new director of education,...
GEICO TO CUT N.Y. RATES:
Jan 3 2005 // New York Superintendent of Insurance Gregory Serio announced that GEICO auto insurance customers will see an across-the-board rate reduction in 2005 resulting in a savings of 6 percent for a typical policyholder....
WTC OFFICIAL DENIED N.Y. BENEFITS:
Jan 3 2005 // A New York court denied workers’ compensation benefits for a World Trade Center official who rushed from home on Sept. 11, 2001, to help rescue victims of the terrorist attack, saying he was ineligible because he had...
SPITZER LEADS N.Y. GOV. POLL:
Jan 3 2005 // The race is still some time off, but New York Attorney General Eliot Spitzer (D), who has been on a crusade this year to fight alleged bid rigging in the insurance industry, holds a double-digit advantage over Republican...
N.Y. Legislative Insurance Panel to Hear Brokerage Compensation Issues Jan. 7
Dec 31 2004 // A New York Assembly Committee hearing into insurance brokerage practices, originally scheduled for Dec. 6, has been rescheduled for Friday, Jan 7. The hearing will be held in the auditorium of the U.S. Customs House, 1...
High Costs of Doing Business in N.Y. Trounce Advantages, Says Report on State’s Business Climate
Dec 31 2004 // The cost of doing business in New York State is substantially higher than in most other states because employers here must pay more for employee benefits, workers compoensation, energy, taxes and other costs, according to...
World Responds to Asia’s Aid Call
Dec 31 2004 // Just as the disaster that struck 12 countries around the Indian Ocean was unprecedented, so too has been the response from around the world to the calls for help. Private citizens, companies and the World Bank have already...
N.Y. No-Fault Insurance Fraud Ring Busted
Dec 30 2004 // New York Attorney General Eliot Spitzer and State Insurance Superintendent Gregory Serio on Wednesday announced the arrest of 31 members of a Bronx based no-fault insurance fraud ring that reportedly submitted phony...
Another N.Y. Auto Insurer Reduces Rates
Dec 30 2004 // New York Superintendent of Insurance Gregory V. Serio announced that Progressive Northeastern Insurance Company (PNEIC) will reduce its rates an average of 5.1 percent for 2005, saving its private passenger customers...
N.Y. to Hear 9.5% Workers’ Comp Rate Hike
Dec 30 2004 // The New York State Insurance Department has scheduled a public hearing for Friday, Jan. 7, 2005 to consider the application of the New York Compensation Insurance Rating Board for a workers’ compensation insurance...
Worldwide Response to Asia’s Agony; Calls for Donations
Dec 30 2004 // As the scope of the disaster that struck 11 countries in the Indian Ocean continues to emerge, the world’s nations are beginning to gear up for what will undoubtedly be the largest collective relief effort ever...
Serio Stepping Down as N.Y. Insurance Chief; Pataki Nominates Assemblyman Mills to Post
Dec 30 2004 // New York Superintendent of Insurance Gregory Serio is stepping down and Gov. George Pataki will nominate Howard Mills, former Republican assemblyman from Orange County who lost the recent race for U.S. Senate against...
Insurer Donates Anti-Fraud Tools to N.Y. City Police
Dec 29 2004 // The latest tools in surveillance technology — “Joey and “Whisper” – have joined the fight against no-fault insurance fraud in New York City, reports the National Insurance Crime Bureau. AutoOne...
Spitzer Denies Report of Plan to Cede Probes to Feds; Vows New Action in Early Part of New Year
Dec 27 2004 // Despite reports suggesting otherwise, there was no Christmas present for the business targets of New York Attorney General Eliot Spitzer after all. Spitzer, criticizing a New York Times story of Dec. 25, affirmed that he...
Met Life Agrees to Cut N.Y. Auto Rates 6%
Dec 23 2004 // Another auto insurer has agreed to reduce its rates in New York State in response to Superintendent of Insurance Greg Serio’s call for rate reviews. MetLife Auto & Home is reducing its auto insurance rates by an...
The Hartford Latest Insurance Company to Hire Top Prosecutor to Deal with Blizzard of Subpoenas
Dec 22 2004 // The Hartford Financial Services Group has hired a top federal corruption prosecutor in Connecticut amid a wave of state investigations into the insurance industry. The Hartford, which has been subpoenaed by attorneys...
